January 2, 2002Cingular Wireless Sells HQ in Ga. for $72MlnAtlanta Journal-ConstitutionSANDY SPRINGS, Ga. – Cingular Wireless has sold its headquarters – Glenridge Highlands Two – to Teachers Insurance and Annuity Association for $72 million. Cingular Wireless occupies more...

January 2, 2002 ALLENTOWN, Pa. – Kramont Realty Trust (NYSE:KRT) has completed the purchase of the Village West Shopping Center for $18.9 million. The acquisition is in the form of an exchange of partnership interest in Cedar Crest...

January 2, 2002 PORTLAND – Louis Swart has retired as president of Regent Assisted Living.Walter C. Bowen, chairman and chief executive officer, will replace Swart, who joined Regent as chief operating officer in April 1999. Comments? E-mail

January 2, 2002 SCHAUMBURG, Ill. – Wells Real Estate Investment Trust has paid $89.3 million, or about $183/sf, for a 486,960 square-foot office complex called Windy Point I & II.Wells REIT bought the pair of Class-A buildings in...

January 2, 2002 WASHINGTON – Marriott International Inc. (NYSE:MAR) has agreed to sell eight hotels to CNL Hospitality Corp. for about $181 million in cash, or $131,732/unit. Marriott, which developed the hotels, will continue to operate them under...

January 2, 2002 Caisse looking at US real estate for investmentsFinancial Post, December 29 MONTREAL – Pension-fund manager Caisse de depot et placement du Quebec is looking for U.S. real estate investment opportunities. "There is no overbuilding in...

January 2, 2002 NEW YORK – Charter Municipal Mortgage Acceptance Co. (AMEX:CHC) has completed its purchase of an 80 percent stake in national mortgage banking firm PW Funding Inc.Charter Mac, an investor in tax-exempt multifamily housing bonds, paid...

January 2, 2002 CHARLESTON, S.C. – Liberty Property Trust (NYSE:LRY) has sold its portfolio of 13 office and industrial properties for about $74 million.Chicago-based Jupiter Realty Corp. bought the portfolio from Liberty Property, which had been the largest...

January 2, 2002 American Real Estate Partners LP (NYSE:ACP) is lending $250 million to its largest shareholder, billionaire Carl Icahn.The two-year loan carries an annual interest rate of either 3.9 percent or 200 basis points over 90-day Libor,...

January 2, 2002 NEWBURGH, N.Y. – Keen Consultants will hold an auction for the former Lloyd's Shopping Center on Jan. 17.The 32-acre property at 1020 Route 300 consists of the 250,000-square-foot center and a vacant 3,700-sf service station/convenience...

January 2, 2002 BNP Residential Properties Inc. (AMEX:BNP) has agreed to sell 454,545 shares of its Series B cumulative convertible preferred stock for $5 million to Preferred Investment I LLC, a New Jersey based investment group headed by...

December 28, 2001 Commercial Real Estate Direct will not publish on Dec. 31, New Year's Eve. We will resume our normal publication schedule on Jan. 2. We'd like to wish all our clients a very happy New Year.

December 28, 2001 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (NYSE:KTR) has refinanced its line of credit with a $125 million unsecured facility led by Wells Fargo Bank and Wachovia Securities.The new revolving line has a three-year term...

December 28, 2001 Timber firm sells Ark. land to golf course developerEL DORADO, Ark. – Deltic Timber Corp. has sold an 875-acre parcel of undeveloped land in west Pulaski County, Ark., for $2,500 per acre, or nearly $2.2...

December 28, 2001 McLEAN, Va. – Fannie Mae has provided $167 million of financing to Sunrise Assisted Living Inc. (NYSE:SRZ). The financing, which was arranged by Glaser Financial and GMAC Commercial Mortgage, includes a $60 million revolving credit...

December 28, 2001 POWAY, Calif. – Lexington Realty Advisors Inc. has bought the headquarters of Gateway Inc. in this city outside San Diego, Calif., on behalf of a private investment fund. The advisory firm, an affiliate of Lexington...

December 28, 2001 NEW YORK – Chris Kinum, a partner of the Garibaldi Group, a New Jersey brokerage firm, has been named senior managing director and branch manager of Cushman & Wakefield of New Jersey. Kinum replaces Donald...

December 27, 2001Rodamco North America NV has taken shared control of an upscale shopping mall in Newton, Mass., owned by New England real estate firm S.R. Weiner and Associates Inc.Rodamco and a subsidiary of Weiner will own the...

December 27, 2001 Westfield Holdings Ltd.'s attempts to buy Rodamco North America could be moving forward. The Australian company, which already owns 24 percent of the shopping mall company, recently dropped a lawsuit claiming Rodamco had breached an...

December 27, 2001 NEW YORK – Fitch has upgraded ICCMAC Multifamily and Commercial Trust, 1999-1, because significant loan paydowns have resulted in improved subordination levels.The rating agency upgraded the deal's $17.45 million class A-3 to triple-A from double-A...

December 27, 2001DILLON, S.C. – Lexington Realty Advisors Inc., an affiliate of Lexington Corporate Properties Trust (NYSE:LXP), has paid $16 million for a newly constructed distribution facility. Lexington Realty Advisors secured a $12.7 million mortgage for the property....

December 27, 2001 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) said Garban Intercapital North America Inc., a broker-dealer that had occupied space in the World Trade Center, has signed a 15-year lease for 111,451 square feet at its...

December 27, 2001 Dillard's closing store in Dade County, Fla., mallThe Miami HeraldHOMESTEAD, Fla. – Dillard's is closing its store at Cutler Ridge Mall by the end of its fiscal year in early February, as part of an...

December 27, 2001 DURHAM, N.C. – The U.S. Department of Veterans Affairs and commercial developer LCOR Inc. have agreed to partner on a $160 million expansion of the Veterans Affairs Medical Center and create a new "City of...

December 27, 2001 CDP Capital had active real estate year in 2001MONTREAL – CDP Capital through its real estate and private equity subsidiaries invested more than C$11 billion (US$7 billion) in real estate during 2001. In 2001, the...